Debt Service as a Share of Tax Revenue

Description

This variable calculates interest paid on state and local debt as a percentage of state and local total tax revenue. This information comes from 2021 U.S. Census Bureau data. These data were released in October 2022.

Current (2024)

Current values and ranks for the 2024 edition of Rich States, Poor States.

Debt Service as a Share of Tax Revenue Rank

Worst Best

ME 4

VT 3

NH 26

WA 44

ID 2

MT 9

ND 36

MN 8

IL 47

WI 16

MI 37

NY 49

RI 45

MA 38

OR 25

NV 43

WY 1

SD 24

IA 5

IN 31

OH 35

PA 28

NJ 17

CT 40

CA 29

UT 7

CO 46

NE 14

MO 41

KY 42

WV 22

VA 18

MD 30

DE 21

AZ 23

NM 34

KS 10

AR 12

TN 39

NC 13

SC 33

OK 6

LA 27

MS 15

AL 32

GA 20

AK 50

HI 11

TX 48

FL 19

State	Value	Rank
Alabama	5.92%	32^nd
Alaska	10.63%	50^th
Arizona	5.03%	23^rd
Arkansas	4.05%	12^th
California	5.63%	29^th
Colorado	8.13%	46^th
Connecticut	6.40%	40^th
Delaware	4.89%	21^st
Florida	4.71%	19^th
Georgia	4.71%	20^th
Hawaii	4.00%	11^th
Idaho	3.00%	2^nd
Illinois	8.48%	47^th
Indiana	5.78%	31^st
Iowa	3.53%	5^th
Kansas	3.98%	10^th
Kentucky	7.10%	42^nd
Louisiana	5.45%	27^th
Maine	3.30%	4^th
Maryland	5.69%	30^th
Massachusetts	6.27%	38^th
Michigan	6.15%	37^th
Minnesota	3.84%	8^th
Mississippi	4.27%	15^th
Missouri	6.68%	41^st
Montana	3.87%	9^th
Nebraska	4.26%	14^th
Nevada	7.14%	43^rd
New Hampshire	5.40%	26^th
New Jersey	4.41%	17^th
New Mexico	5.96%	34^th
New York	8.73%	49^th
North Carolina	4.10%	13^th
North Dakota	6.01%	36^th
Ohio	5.96%	35^th
Oklahoma	3.57%	6^th
Oregon	5.38%	25^th
Pennsylvania	5.57%	28^th
Rhode Island	7.46%	45^th
South Carolina	5.93%	33^rd
South Dakota	5.19%	24^th
Tennessee	6.39%	39^th
Texas	8.50%	48^th
Utah	3.81%	7^th
Vermont	3.16%	3^rd
Virginia	4.63%	18^th
Washington	7.24%	44^th
West Virginia	4.99%	22^nd
Wisconsin	4.38%	16^th
Wyoming	2.14%	1^st

U.S. Trends

Overview of states' Debt Service as a Share of Tax Revenue over time.

Historical Ranks

Historical state ranks for Debt Service as a Share of Tax Revenue across editions of the Rich States, Poor States.

State	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Alabama	34^th	17^th	28^th	21^st	26^th	32^nd	23^rd	24^th	31^st	33^rd	33^rd	30^th	33^rd	30^th	31^st	35^th	32^nd
Alaska	50^th	49^th	42^nd	2^nd	12^th	12^th	8^th	4^th	14^th	30^th	50^th	50^th	50^th	49^th	48^th	50^th	50^th
Arizona	28^th	30^th	17^th	32^nd	43^rd	43^rd	46^th	39^th	30^th	34^th	31^st	35^th	38^th	33^rd	25^th	28^th	23^rd
Arkansas	8^th	3^rd	3^rd	4^th	3^rd	3^rd	5^th	6^th	6^th	8^th	8^th	8^th	8^th	9^th	7^th	9^th	12^th
California	30^th	35^th	35^th	31^st	35^th	37^th	39^th	42^nd	39^th	41^st	38^th	37^th	41^st	39^th	37^th	39^th	29^th
Colorado	44^th	48^th	47^th	46^th	47^th	48^th	47^th	47^th	47^th	48^th	47^th	47^th	42^nd	44^th	44^th	48^th	46^th
Connecticut	31^st	20^th	18^th	15^th	25^th	26^th	26^th	26^th	22^nd	20^th	27^th	32^nd	34^th	29^th	33^rd	38^th	40^th
Delaware	40^th	16^th	36^th	36^th	40^th	36^th	29^th	29^th	43^rd	47^th	17^th	23^rd	21^st	18^th	21^st	21^st	21^st
Florida	39^th	24^th	22^nd	27^th	28^th	27^th	34^th	36^th	36^th	39^th	34^th	29^th	26^th	19^th	20^th	18^th	19^th
Georgia	6^th	6^th	4^th	5^th	11^th	14^th	19^th	18^th	25^th	22^nd	24^th	22^nd	24^th	24^th	23^rd	22^nd	20^th
Hawaii	35^th	39^th	39^th	38^th	36^th	17^th	27^th	17^th	18^th	26^th	19^th	2^nd	4^th	2^nd	4^th	5^th	11^th
Idaho	3^rd	2^nd	2^nd	3^rd	6^th	7^th	7^th	7^th	4^th	5^th	5^th	5^th	3^rd	3^rd	6^th	4^th	2^nd
Illinois	46^th	42^nd	37^th	42^nd	42^nd	44^th	43^rd	40^th	44^th	43^rd	44^th	49^th	49^th	50^th	50^th	49^th	47^th
Indiana	11^th	15^th	32^nd	26^th	23^rd	29^th	33^rd	31^st	40^th	40^th	41^st	39^th	39^th	38^th	38^th	31^st	31^st
Iowa	2^nd	4^th	11^th	10^th	2^nd	2^nd	3^rd	3^rd	5^th	6^th	6^th	6^th	6^th	6^th	5^th	6^th	5^th
Kansas	23^rd	36^th	24^th	30^th	33^rd	41^st	38^th	35^th	29^th	29^th	22^nd	24^th	31^st	21^st	19^th	13^th	10^th
Kentucky	49^th	44^th	46^th	48^th	49^th	50^th	50^th	50^th	50^th	50^th	48^th	44^th	43^rd	41^st	34^th	37^th	42^nd
Louisiana	37^th	32^nd	30^th	35^th	37^th	45^th	44^th	41^st	35^th	35^th	39^th	43^rd	35^th	31^st	28^th	30^th	27^th
Maine	14^th	7^th	10^th	8^th	9^th	8^th	9^th	10^th	10^th	9^th	10^th	7^th	5^th	4^th	3^rd	3^rd	4^th
Maryland	9^th	5^th	7^th	7^th	7^th	9^th	11^th	13^th	11^th	15^th	15^th	18^th	15^th	20^th	35^th	26^th	30^th
Massachusetts	48^th	50^th	50^th	50^th	50^th	49^th	41^st	44^th	41^st	37^th	40^th	42^nd	44^th	37^th	39^th	36^th	38^th
Michigan	27^th	28^th	31^st	34^th	30^th	30^th	32^nd	30^th	37^th	36^th	36^th	38^th	32^nd	34^th	40^th	40^th	37^th
Minnesota	29^th	25^th	19^th	17^th	21^st	24^th	15^th	20^th	12^th	11^th	11^th	11^th	14^th	13^th	14^th	16^th	8^th
Mississippi	15^th	10^th	6^th	6^th	4^th	5^th	10^th	11^th	8^th	10^th	7^th	10^th	16^th	14^th	13^th	12^th	15^th
Missouri	24^th	38^th	41^st	41^st	31^st	33^rd	35^th	34^th	34^th	32^nd	35^th	34^th	37^th	36^th	47^th	45^th	41^st
Montana	22^nd	19^th	25^th	28^th	10^th	15^th	12^th	9^th	7^th	7^th	9^th	9^th	9^th	8^th	9^th	10^th	9^th
Nebraska	5^th	8^th	13^th	25^th	17^th	22^nd	22^nd	19^th	19^th	14^th	13^th	17^th	22^nd	16^th	16^th	11^th	14^th
Nevada	42^nd	34^th	33^rd	37^th	41^st	39^th	40^th	43^rd	42^nd	42^nd	42^nd	36^th	36^th	35^th	41^st	43^rd	43^rd
New Hampshire	36^th	46^th	44^th	43^rd	38^th	38^th	37^th	38^th	33^rd	31^st	30^th	27^th	29^th	26^th	29^th	29^th	26^th
New Jersey	4^th	9^th	14^th	13^th	16^th	11^th	13^th	15^th	15^th	13^th	14^th	15^th	18^th	15^th	17^th	14^th	17^th
New Mexico	10^th	18^th	20^th	16^th	20^th	25^th	21^st	23^rd	28^th	17^th	23^rd	26^th	30^th	40^th	26^th	27^th	34^th
New York	32^nd	37^th	34^th	33^rd	34^th	34^th	36^th	37^th	38^th	38^th	37^th	40^th	48^th	46^th	49^th	47^th	49^th
North Carolina	7^th	11^th	8^th	14^th	18^th	19^th	16^th	21^st	21^st	19^th	21^st	12^th	12^th	12^th	18^th	15^th	13^th
North Dakota	25^th	29^th	29^th	23^rd	13^th	4^th	2^nd	2^nd	2^nd	2^nd	2^nd	3^rd	7^th	7^th	11^th	19^th	36^th
Ohio	16^th	23^rd	23^rd	18^th	22^nd	18^th	17^th	12^th	13^th	21^st	16^th	16^th	20^th	22^nd	27^th	25^th	35^th
Oklahoma	13^th	21^st	12^th	9^th	8^th	13^th	14^th	14^th	17^th	12^th	12^th	13^th	11^th	10^th	15^th	7^th	6^th
Oregon	33^rd	40^th	40^th	40^th	39^th	35^th	31^st	33^rd	32^nd	28^th	32^nd	33^rd	27^th	32^nd	30^th	32^nd	25^th
Pennsylvania	45^th	41^st	38^th	39^th	32^nd	28^th	28^th	32^nd	27^th	27^th	28^th	31^st	28^th	27^th	32^nd	33^rd	28^th
Rhode Island	18^th	26^th	43^rd	45^th	46^th	42^nd	42^nd	48^th	48^th	49^th	49^th	46^th	47^th	47^th	42^nd	44^th	45^th
South Carolina	47^th	47^th	49^th	49^th	48^th	47^th	49^th	49^th	46^th	44^th	43^rd	41^st	40^th	28^th	36^th	34^th	33^rd
South Dakota	20^th	31^st	27^th	29^th	24^th	21^st	24^th	25^th	20^th	16^th	18^th	20^th	17^th	17^th	24^th	23^rd	24^th
Tennessee	12^th	22^nd	15^th	22^nd	29^th	31^st	30^th	22^nd	24^th	24^th	29^th	28^th	23^rd	43^rd	45^th	41^st	39^th
Texas	41^st	43^rd	48^th	47^th	45^th	46^th	48^th	45^th	49^th	46^th	46^th	48^th	46^th	45^th	46^th	46^th	48^th
Utah	38^th	33^rd	21^st	19^th	19^th	20^th	20^th	27^th	26^th	25^th	26^th	14^th	19^th	25^th	12^th	24^th	7^th
Vermont	19^th	14^th	16^th	20^th	14^th	10^th	6^th	5^th	3^rd	3^rd	3^rd	4^th	2^nd	5^th	2^nd	2^nd	3^rd
Virginia	17^th	13^th	9^th	11^th	15^th	23^rd	25^th	28^th	23^rd	23^rd	25^th	25^th	25^th	23^rd	22^nd	17^th	18^th
Washington	43^rd	45^th	45^th	44^th	44^th	40^th	45^th	46^th	45^th	45^th	45^th	45^th	45^th	42^nd	43^rd	42^nd	44^th
West Virginia	26^th	12^th	5^th	12^th	5^th	6^th	4^th	8^th	9^th	4^th	4^th	19^th	10^th	48^th	10^th	20^th	22^nd
Wisconsin	21^st	27^th	26^th	24^th	27^th	16^th	18^th	16^th	16^th	18^th	20^th	21^st	13^th	11^th	8^th	8^th	16^th
Wyoming	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st	1^st

Historical Values

Historical values for Debt Service as a Share of Tax Revenue. The years listed correspond to the actual data years, not necessarily the publication of Rich States, Poor States.

State	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021
Alabama	9.80%	6.90%	7.80%	7.60%	8.60%	9.20%	8.10%	7.60%	8.48%	8.65%	8.00%	7.20%	7.00%	6.80%	6.22%	7.06%	5.92%
Alaska	18.30%	11.60%	9.70%	4.80%	7.10%	7.00%	5.90%	5.10%	6.24%	8.16%	15.30%	11.40%	11.40%	9.70%	8.86%	11.16%	10.63%
Arizona	8.80%	7.80%	6.90%	8.50%	10.50%	11.60%	11.60%	9.80%	8.31%	8.72%	7.60%	8.00%	7.70%	6.90%	5.81%	6.11%	5.03%
Arkansas	6.90%	5.50%	5.30%	5.60%	5.30%	5.40%	5.30%	5.30%	4.96%	4.84%	4.50%	4.50%	4.50%	4.50%	4.32%	4.46%	4.05%
California	9.20%	8.30%	8.70%	8.50%	9.70%	10.20%	10.40%	10.50%	9.42%	9.12%	8.40%	8.10%	8.30%	7.90%	7.22%	7.36%	5.63%
Colorado	11.30%	11.30%	10.60%	11.10%	12.00%	12.60%	11.80%	11.80%	10.84%	10.87%	10.40%	9.50%	8.50%	8.60%	8.34%	9.54%	8.13%
Connecticut	9.30%	7.10%	7.10%	7.10%	8.50%	8.70%	8.30%	7.80%	7.14%	7.05%	6.90%	7.50%	7.30%	6.80%	6.77%	7.13%	6.40%
Delaware	10.60%	6.90%	8.90%	9.20%	10.20%	10.20%	8.60%	8.10%	10.32%	10.69%	6.10%	6.30%	5.70%	5.50%	5.44%	5.50%	4.89%
Florida	10.40%	7.50%	7.40%	8.00%	8.80%	8.80%	9.10%	9.40%	8.98%	8.97%	8.00%	7.10%	6.30%	5.50%	5.42%	5.38%	4.71%
Georgia	6.70%	5.80%	5.60%	5.70%	6.80%	7.30%	7.50%	7.50%	7.57%	7.26%	6.80%	6.20%	6.00%	5.90%	5.58%	5.55%	4.71%
Hawaii	10.10%	9.10%	9.40%	9.40%	9.90%	7.60%	8.50%	7.40%	6.80%	7.41%	6.20%	3.60%	3.80%	3.50%	3.56%	3.79%	4.00%
Idaho	5.70%	4.50%	4.70%	5.40%	6.30%	6.30%	5.80%	5.40%	4.94%	4.72%	4.30%	4.20%	3.80%	3.60%	3.89%	3.74%	3.00%
Illinois	11.70%	9.40%	9.00%	9.80%	10.40%	11.60%	11.10%	10.20%	10.32%	9.80%	9.50%	10.00%	10.10%	11.20%	10.62%	9.61%	8.48%
Indiana	7.10%	6.70%	8.50%	7.80%	8.20%	9.00%	9.00%	8.60%	9.45%	9.04%	9.00%	8.30%	7.90%	7.40%	7.31%	6.40%	5.78%
Iowa	5.30%	5.60%	6.30%	6.40%	5.10%	5.30%	5.00%	5.10%	4.94%	4.81%	4.40%	4.30%	4.10%	3.90%	3.79%	3.82%	3.53%
Kansas	8.20%	8.50%	7.60%	8.40%	9.50%	11.50%	10.30%	9.00%	8.15%	7.92%	6.50%	6.40%	7.00%	5.80%	5.14%	5.07%	3.98%
Kentucky	13.90%	9.50%	10.40%	11.80%	13.20%	13.80%	13.50%	13.60%	11.56%	11.18%	10.70%	9.10%	8.60%	8.30%	6.90%	7.10%	7.10%
Louisiana	10.30%	8.20%	8.40%	8.80%	9.90%	11.60%	11.40%	10.30%	8.97%	8.79%	8.70%	8.70%	7.30%	6.90%	6.16%	6.18%	5.45%
Maine	7.60%	5.80%	6.20%	6.00%	6.60%	6.50%	6.20%	6.00%	5.44%	5.24%	4.70%	4.40%	4.00%	3.80%	2.91%	3.58%	3.30%
Maryland	7.00%	5.70%	5.80%	6.00%	6.30%	6.50%	6.40%	6.30%	5.50%	6.21%	6.10%	5.70%	5.20%	5.60%	7.04%	5.79%	5.69%
Massachusetts	12.80%	13.30%	13.60%	13.70%	14.60%	13.30%	10.80%	10.90%	10.18%	8.92%	8.90%	8.60%	8.70%	7.30%	7.32%	7.10%	6.27%
Michigan	8.60%	7.70%	8.50%	8.80%	9.00%	9.10%	8.90%	8.30%	9.22%	8.85%	8.20%	8.20%	7.00%	7.20%	7.37%	7.41%	6.15%
Minnesota	8.80%	7.60%	7.20%	7.20%	7.90%	8.20%	7.10%	7.50%	5.87%	5.62%	5.20%	5.20%	5.10%	5.00%	4.86%	5.20%	3.84%
Mississippi	7.60%	6.00%	5.70%	5.90%	5.70%	6.00%	6.20%	6.20%	5.33%	5.32%	4.40%	4.80%	5.30%	5.00%	4.84%	4.78%	4.27%
Missouri	8.20%	8.90%	9.60%	9.80%	9.40%	9.20%	9.20%	9.00%	8.80%	8.35%	8.00%	7.90%	7.60%	7.30%	8.61%	8.58%	6.68%
Montana	8.10%	7.00%	7.60%	8.20%	6.70%	7.40%	6.40%	5.80%	5.19%	4.82%	4.60%	4.50%	4.60%	4.50%	4.54%	4.50%	3.87%
Nebraska	6.40%	5.90%	6.50%	7.80%	7.30%	8.10%	8.00%	7.50%	7.00%	5.97%	5.60%	5.70%	5.70%	5.40%	4.97%	4.75%	4.26%
Nevada	10.70%	8.30%	8.60%	9.20%	10.20%	10.50%	10.60%	10.70%	10.27%	9.53%	9.00%	8.10%	7.30%	7.30%	7.96%	8.03%	7.14%
New Hampshire	10.10%	10.00%	9.90%	10.00%	10.10%	10.30%	9.50%	9.70%	8.73%	8.21%	7.30%	6.90%	6.80%	6.20%	6.20%	6.18%	5.40%
New Jersey	6.30%	6.00%	6.60%	6.70%	7.20%	7.00%	6.60%	6.60%	6.25%	5.95%	5.60%	5.60%	5.50%	5.10%	5.04%	5.12%	4.41%
New Mexico	7.00%	6.90%	7.20%	7.20%	7.70%	8.60%	8.00%	7.60%	8.06%	6.65%	6.60%	6.90%	7.00%	8.00%	5.98%	6.00%	5.96%
New York	9.70%	8.90%	8.60%	8.70%	9.60%	9.50%	9.40%	9.40%	9.40%	8.95%	8.30%	8.30%	9.60%	9.10%	9.00%	8.92%	8.73%
North Carolina	6.80%	6.20%	6.00%	7.00%	7.40%	7.70%	7.20%	7.50%	7.10%	6.80%	6.30%	5.40%	5.00%	4.90%	5.13%	5.19%	4.10%
North Dakota	8.40%	7.80%	8.10%	7.70%	7.10%	5.80%	3.90%	2.70%	3.06%	2.56%	2.90%	3.80%	4.20%	4.20%	4.74%	5.39%	6.01%
Ohio	7.70%	7.40%	7.60%	7.20%	8.00%	7.70%	7.20%	6.20%	5.96%	7.14%	6.10%	5.70%	5.70%	5.80%	6.13%	5.75%	5.96%
Oklahoma	7.60%	7.10%	6.50%	6.30%	6.40%	7.20%	6.90%	6.40%	6.40%	5.65%	5.40%	5.40%	4.90%	4.60%	4.89%	3.86%	3.57%
Oregon	9.70%	9.10%	9.50%	9.70%	10.10%	9.50%	8.90%	8.90%	8.71%	7.89%	7.70%	7.50%	6.60%	6.90%	6.21%	6.40%	5.38%
Pennsylvania	11.40%	9.30%	9.10%	9.60%	9.40%	8.90%	8.60%	8.60%	7.91%	7.53%	7.10%	7.20%	6.80%	6.50%	6.50%	6.55%	5.57%
Rhode Island	7.80%	7.60%	9.70%	10.50%	11.70%	11.50%	11.00%	12.20%	11.12%	11.10%	11.20%	9.40%	9.60%	9.10%	8.10%	8.35%	7.46%
South Carolina	12.40%	10.80%	10.80%	12.10%	12.20%	12.30%	13.30%	12.80%	10.79%	9.90%	9.40%	8.40%	8.10%	6.80%	7.10%	6.81%	5.93%
South Dakota	8.00%	7.90%	7.70%	8.30%	8.20%	8.00%	8.20%	7.70%	7.02%	6.42%	6.20%	5.90%	5.40%	5.50%	5.81%	5.57%	5.19%
Tennessee	7.10%	7.10%	6.70%	7.60%	9.00%	9.20%	8.70%	7.60%	7.32%	7.33%	7.30%	6.90%	5.80%	8.50%	8.55%	7.58%	6.39%
Texas	10.70%	9.50%	10.60%	11.10%	11.50%	11.90%	12.10%	11.70%	11.39%	10.55%	10.30%	9.90%	9.30%	9.00%	8.60%	8.76%	8.50%
Utah	10.30%	8.20%	7.30%	7.30%	7.70%	7.90%	7.70%	7.80%	7.82%	7.36%	6.90%	5.60%	5.70%	5.90%	4.77%	5.59%	3.81%
Vermont	7.90%	6.70%	6.90%	7.50%	7.10%	6.90%	5.50%	5.30%	4.16%	3.90%	3.60%	4.00%	3.80%	3.80%	2.73%	2.65%	3.16%
Virginia	7.80%	6.60%	6.10%	6.40%	7.10%	8.10%	8.30%	7.90%	7.28%	7.29%	6.80%	6.70%	6.10%	5.90%	5.47%	5.27%	4.63%
Washington	11.10%	10.00%	10.00%	10.10%	11.10%	11.40%	11.50%	11.70%	10.56%	10.27%	9.80%	9.30%	8.90%	8.50%	8.33%	7.65%	7.24%
West Virginia	8.50%	6.50%	5.70%	6.60%	6.20%	6.10%	5.20%	5.40%	5.43%	4.56%	4.30%	5.80%	4.60%	9.60%	4.59%	5.39%	4.99%
Wisconsin	8.00%	7.60%	7.70%	7.70%	8.70%	7.40%	7.30%	7.10%	6.40%	6.69%	6.20%	6.00%	5.00%	4.80%	4.41%	4.30%	4.38%
Wyoming	4.70%	2.70%	3.10%	2.80%	2.50%	2.80%	3.00%	2.50%	2.79%	2.16%	2.00%	2.30%	2.50%	2.20%	2.04%	2.25%	2.14%

Description

Current (2024)

U.S. Trends

Historical Ranks

Historical Values

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Rich States, Poor States 17th Edition

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